This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Granite City Reports Increase In Revenue In Third Quarter 2011

Stocks in this article: GCFB

Granite City Food & Brewery Ltd. (NASDAQ: GCFB), a Modern American upscale casual restaurant chain, today reported results for the third quarter ended September 27, 2011.

Highlights for the third quarter and year-to-date 2011 were as follows:

  • Total restaurant sales increased 3.0% to $22.9 million from $22.3 million in the third quarter of 2010
  • Total restaurant sales increased 3.5% to $70.1 million from $67.7 million for the first three quarters of 2010
  • Guest counts increased 2.2% compared to the third quarter of 2010
  • Restaurant-level Income Before Occupancy (“IBO”) at $5.3 million in the third quarter of 2011 represented an increase of $341,000 over the third quarter of 2010
  • Restaurant-level IBO at $16.6 million in the first three quarters of 2011 represented an increase of $730,000 over the first three quarters of 2010

"I am very pleased with the quarter and the progress we have made on a number of strategic initiatives in a very short period of time,” said Robert Doran, Chief Executive Officer or of Granite City. “In the past, we have outlined our plans to grow revenues, increase our efficiency, and utilize our increased G&A in the most effective manner to satisfy our growth objectives. Each of these items are being addressed with the near completion of four store enhancements, the ground breaking at our new Troy store and the recently announced acquisition of the Cadillac Ranch store in the Mall of America coupled with our opportunity to purchase the assets of additional Cadillac Ranch stores. Our team has performed very well by balancing the push forward of our strategic goals while not losing focus of our store operations. Our increase in revenue and profitability over the past quarter and year is impressive. We have a lot to look forward to in 2012 with strong operations and the upside we are creating as we bring many of the initiatives above on line."

1 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs